Mortgage for property landlords

BUY to let mortgages

MOrtgages for landlords

A buy to let mortgage is for a landlord who wishes to purchase a property and rent it out to tenants with the intention of making a profit. There are some differences with buy to let mortgages compared to traditional residential mortgages. It’s important, especially if this is your first venture into the buy to let market, that you receive experienced advice from a qualified expert.

Are you considering investing in residential properties and becoming a landlord? Perhaps you’ve already started your portfolio but would like advice on finding your next mortgage? After an extensive career in the property market and helping to advise other customers on their buy to let mortgages, we’re well positioned to help you too.

If you would like advice on securing your mortgage for a rental property, what lenders expect or have any questions about the process, we would be delighted to help! Please get in touch and let’s have an informative chat about your requirements.

We can guide you on all aspects of becoming a landlord, from deposits, landlord insurance and registering to become a landlord with your local council. We can also advise on the legislative aspects such as Land and Building Transaction Taxes (LBTT) which are applicable on Buy To Let properties.

You may be considering applying for a Buy To Let mortgage as a limited company and there are benefits and negatives to this route, which we would be happy to discuss with you. From tax relief benefits to guarantees, there’s a lot to consider and having an adviser “in your corner” can make the difference.

First Buy To Let Mortgage

If this is your first Buy To Let mortgage then don’t worry, we’re here to help. There’s a variety of criteria and stipulations that lenders insist on, such as you must have at least a 25% deposit, to be applicable for a buy to let mortgage. We will talk you through your options and source the best rates to ensure you’re well positioned to make the right decisions for your investment.

We start by listening to you and understanding your objectives before searching the whole of the market, to find the right mortgage that will meet your needs. We then present our findings to you before obtaining a decision in principle. The initial conversation is very informal and is a general discussion of your plans and aspirations.

You can expect to be keep up to date throughout the process and if you decide to proceed we’ll be available to support you with every decision.

Buy To Let – Good To Know’s

There are some things that are important to know about Buy To Let mortgages, which can make the process easier for you. Lenders usually want the rental income of your property to be 25%+ higher than your mortgage payment. Also, interest rates on buy to let mortgages can be higher than typical residential mortgages, however, by searching the whole of the market we can give you a detailed understanding of your options.

Other factors to consider when applying for a Buy To Let mortgage are whether you have a good credit rating and if you have outstanding debt. When you get in touch we’ll be able to help you with a full review to determine if there are any potential issues and save you time, money and hassle.

Your property may be repossessed if you do not keep up repayments on your mortgage.

Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority

Landlord mortgage advice

Whether this is your first buy to let mortgage or you have an extensive property portfolio, we can help you.

Enquire below and we will call you back to have a conversation about how we can help you.

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